Thursday, April 25, 2024 - Login

Gambling services to face highest GST bracket

Gambling operators will soon have to succumb to hefty taxes following a ruling which will see all gambling businesses placed under India’s highest tax bracket, local media reports.

According to Finance Minister Arun Jaitley, all services related to gambling, race club betting and cinema halls will be taxed at 28 percent under the new rules.

The two-day GST Council meeting was held on Thursday and Friday, involving ministers and officials from 29 states and union territories.

Thousands of goods were sorted under four GST slabs: 5, 12, 18 and 28 percent.

“GST in relation to the service sector was completely adopted in today’s meeting,” Jaitley told local reporters after the conclusion of the two-day GST council meeting in Srinagar.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief